Raymond James & Associates Trims Holdings in F5, Inc. (NASDAQ:FFIV)

Raymond James & Associates decreased its stake in shares of F5, Inc. (NASDAQ:FFIVFree Report) by 0.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 78,734 shares of the network technology company’s stock after selling 82 shares during the period. Raymond James & Associates’ holdings in F5 were worth $14,092,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Optimum Investment Advisors lifted its holdings in shares of F5 by 5.5% in the fourth quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company’s stock worth $206,000 after buying an additional 60 shares in the last quarter. Horizon Investments LLC lifted its stake in F5 by 6.0% in the 2nd quarter. Horizon Investments LLC now owns 1,210 shares of the network technology company’s stock worth $177,000 after purchasing an additional 68 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in F5 by 2.3% in the 2nd quarter. Kestra Advisory Services LLC now owns 2,990 shares of the network technology company’s stock valued at $437,000 after purchasing an additional 68 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in F5 by 3.3% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,135 shares of the network technology company’s stock valued at $309,000 after purchasing an additional 69 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of F5 by 1.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,842 shares of the network technology company’s stock valued at $562,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

F5 Trading Up 1.0 %

FFIV opened at $191.47 on Thursday. The business’s 50-day moving average price is $187.38 and its 200-day moving average price is $173.21. F5, Inc. has a 12 month low of $127.05 and a 12 month high of $199.49. The company has a market cap of $11.26 billion, a P/E ratio of 24.90, a P/E/G ratio of 2.80 and a beta of 1.11.

F5 (NASDAQ:FFIVGet Free Report) last released its quarterly earnings data on Monday, January 29th. The network technology company reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.39. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm had revenue of $693.00 million during the quarter, compared to analyst estimates of $684.77 million. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts forecast that F5, Inc. will post 9.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the transaction, the chief financial officer now owns 31,790 shares of the company’s stock, valued at approximately $6,012,124.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the transaction, the chief financial officer now owns 31,790 shares in the company, valued at $6,012,124.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,400 shares of F5 stock in a transaction on Friday, March 1st. The shares were sold at an average price of $188.02, for a total transaction of $1,203,328.00. Following the completion of the sale, the chief executive officer now owns 123,251 shares in the company, valued at approximately $23,173,653.02. The disclosure for this sale can be found here. Insiders have sold 8,751 shares of company stock valued at $1,634,872 over the last ninety days. 0.58% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $204.00 price objective on shares of F5 in a research note on Friday, February 9th. KeyCorp lifted their price target on F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of F5 in a research report on Tuesday, February 13th. Barclays lifted their target price on shares of F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Finally, The Goldman Sachs Group boosted their price target on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $185.00.

Get Our Latest Analysis on FFIV

F5 Profile

(Free Report)

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.

Further Reading

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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